Tata Motors’ loss narrows to ₹7,585 cr. on improved sales
The Hindu
Firm cautions on supply-side disruptions, chip shortage
Tata Motors on Tuesday reported a narrowing of consolidated net loss to ₹7,585 crore for the fourth quarter ended March 31, aided by improved sales. The company had posted a consolidated net loss of ₹9,864 crore in the January-March period of 2019-20, Tata Motors said in a filing. Total income stood at ₹89,319 crore. It was ₹63,057 crore in the year-earlier period. The company’s British arm, Jaguar Land Rover reported a pre-tax loss of £952 million for the quarter owing to the £1.5 billion of exceptional charges. However, JLR clocked a 20.5% increase in revenue to £6.5 billion during the quarter led by China and the new Defender model. For FY21, JLR’s revenue was £19.7 billion.
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